SOURCE: Quepasa Corporation

Quepasa Corporation

April 06, 2011 08:31 ET

Quepasa Partners With Tutudo to Offer Innovative Game Payment Solution

Tutudo E-Wallet Solution Targets Brazil's Middle Class Game Users

WEST PALM BEACH, FL--(Marketwire - April 6, 2011) - Quepasa.com, the popular online social network and game platform for the Latino community operated by Quepasa Corporation (NYSE Amex: QPSA), today announced an agreement with Tutudo, Inc., to make Tutudo's E-Wallet payment solution available for all Quepasa games.

The Tutudo E-Wallet allows for the purchase of game currency credits through a network of 70,000 points of sale (POS) in Brazil, including newsstands and Internet cafes. The Tutudo credits specifically target Brazilian middle class game users, a demographic with low credit card penetration, by delivering the credits via mobile text message. Quepasa will promote Tutudo as its exclusive POS payment solution in Brazil and Mexico and Tutudo will include Quepasa's games in all of its media campaigns.

"Gaining access to Tutudo's 70,000 POS, platform and E-Wallet solution in Brazil is an important step in Quepasa's strategy of monetizing games and other content solutions on Quepasa.com," commented Quepasa's CEO, John Abbott. "The Tutudo solution complements the very large percentage of Quepasa game players with limited access to credit."

"We chose to partner with Quepasa due to their scale across all of Latin America and their focus on culturally relevant social games via their recently acquired game studio in Curitiba, Brazil," said Pierre Schurmann, CEO of Tutudo, "We look forward to facilitating payments for Quepasa's 34 million users." 

About Quepasa Corporation
Quepasa Corporation (NYSE Amex: QPSA) owns Quepasa.com, the leading online social network and game platform for the Latino community. Quepasa.com provides fun, interactive, and easy to use social tools, and rich multimedia content in English, Spanish and Portuguese to embrace Latinos everywhere, and empower them to connect online, compete in contests and games and share their interests, ideas, and activities. Quepasa is headquartered in West Palm Beach, Florida with offices in Miami, Los Angeles, Scottsdale, and Hermosillo, Mexico. For more information about the company, go to www.quepasacorp.com, or join for free at www.Quepasa.com.

About Tutudo Inc.
Tutudo is a developer and operator of virtual currency wallet, payment processing and e-commerce platforms, which enable customers to pay for goods and services, collectively referred to as the "Tutudo Platform." Tutudo is a virtual wallet that comes to fill a gap in the online Latin America market payment. It's a one stop place for users that want to acquire virtual goods in general and the #1 option for any content creator to monetize their content. Tutudo provides tools for developers, publishers and the common public to buy credits or monetize on their games and several virtual goods. Tutudo is headquartered in San Francisco, California with offices in Miami, Florida and Sao Paulo, Brazil. For additional information about the company, refer to www.tutudo.com.

Contact Information

  • Company Contact:
    E. Brian Harvey
    Vice President of Capital Markets and Investor Relations
    Quepasa Corporation
    Tel (508) 735-1910
    Email Contact

    Investor Relations Contact:
    Liolios Group, Inc.
    Ron Both
    Senior Managing Director
    Tel (949) 574-3860
    Email Contact